Crona Corporation

08/11/2025 | Press release | Distributed by Public on 08/11/2025 04:05

Private Placement (Form 8-K)

Item 3.02. Unregistered Sale of Equity Securities

On July 27, 2025, Crona Corp., a Wyoming Corporation (the "Company") agreed to issue 5,000,000 shares of unregistered restricted Series B Preferred stock, par value $0.00001, to its executive officers and directors of the Company, in order to compensate them for work previously provided to the Company as well as to incentivize them to continue their efforts for the Company going forward.

The issuance of the shares set forth herein was made in reliance on the exemption provided by Section 4(a)(2) of the Securities Act for the offer and sale of securities not involving any public offering. The Company's reliance upon Section 4(a)(2) of the Securities Act in issuing the shares was based upon the following factors: (a) the issuance of the shares were in isolated private transactions by us which did not involve a public offering; (b) the number of investors; (c) there were no subsequent or contemporaneous public offerings of the shares by the Company; (d) the shares were not broken down into smaller denominations; (e) the negotiations for the issuance of the shares took place directly between the individual investors and the Company; and (f) the number of non-accredited investors.

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